Smurfit Kappa, Mondi in Talks to Buy Certain Operations from Each Other

Feb. 1, 2010 - Ireland's Smurfit Kappa Group plc said that it has been in negotiations with Mondi Group about a deal that would have Smurfit Kappa acquiring Mondi's corrugated operations in the United Kingdom and Mondi acquiring Smurfit Kappa's European sack converting operations.

Smurfit Kappa said talks are progressing, however, "There is no certainty that any such transaction will occur.

The deal would be subject to regulatory approval.

Smurfit Kappa said that it will release further information at an appropriate time.